P.F. Chang’s China Bistro, Inc. (P.F. Chang’s) is an Asian culinary brand, featuring made-from-scratch cuisine stemming from the roots of Japan, Korea, Thailand, and more. The restaurants feature full menus, including Mongolian Beef, Kung Pao Chicken, and the company’s signature Chang’s Lettuce Wraps. The company also produces menu items for its grocery line sales. P.F. Chang’s was founded in 1993 in Scottsdale, AZ by culinary expert Philip Chiang and restauranter Paul Fleming and is privately held. In 2019 the company was acquired by private equity firms Paulson & Co. and TriArtisan Capital Advisors for approximately $700 million. The company has over 300 locations in more than 20 countries, including a growing number of convenient P.F. Chang’s To Go locations offering takeout and delivery, and employs over 25,000 people. The company has reported earnings of $1.2B in 2023. P.F. Changs is headquartered in Scottsdale, AZ.

TriArtisan Capital Advisors is an established private equity investing firm. TriArtisan's flexible institutional capital allows it to invest in companies requiring a broad range of investment needs including leveraged buyouts, growth equity investments, spin-offs, carve-outs, roll-ups, recapitalizations, and restructurings. The company was founded in 2016 and employs over 50 investment professionals. TriArtisan Capital Advisors is headquartered in New York City, NY.

Paulson & Co. Inc. is an investment management firm established by founder and President John Paulson in 1994 with offices in New York, London, and Hong Kong.